Monday, March 17, 2008
As the US dollar decreases in value and more and more raw-material producers switch away from dollar, the de-pegging will only increase
A few days ago, Venezuela declared that it will no longer sell its oil in dollars. Currently there are Iran, Venezuela, and Russia that have decided to trade their oil and gas in other currencies. In addition, some Arab countries have started to de-peg their currencies from dollar. For these countries peg to dollar has meant importing inflation and they are trying to stabilise their economy. As dollar decreases in value and more and more raw-material producers switch away from dollar, this de-pegging will only increase.
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I think most people know that when a state of any nation does not longer have control over its currency, a bunch of private lunatics will take over the federal reserve and will put it in the global market to play with and by far the U.S. currency is there to compete against other world currencies, goods and commodities, or what is being called Currency Trading. This illegal or illegitimate and unconstitutional practices are also used in other nations except that they weaken their own nation currency so they and bussines buddies from all over can use their dollars favorably, in the long run is a dissaster waiting to happen.
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These practices around this planet have made a few wealthy individuals compare to the rest of the world population.
Most people around the world they have no idea or any interest whatsoever in private investment they expect their nation resources can be put to work on their behalf in the form of more and well paid jobs, free access to an excelent health care service and Education, easier access to tecnology usage, affordable housing along with basic services and a stable economy with cero or less than an normal average index of inflation that a safe and sound nation economy could ever own.
The World economy has been waiting
too long for a balanced and fair ways of products trading, work income, exchanging of good and services and a standard or equal monetary value, not numeric,of currencies among all nations,
unfortunately, this switching will probably continue giving us more of the same, the difference is that the U.S. monetary currency is a constitutionalized symbol of a Nation, but it was taken outside its sovereignit to represent it as the monetary instrument of the private global sector.\
The state must recover this monetary entity from the hands of this sector which never had the intention to respond the needs of its citizens but to expand savage capitalism here and in most cases by means invasion, destruction and carnage around the world.